The Property Buying Company have written about the ways in which mortgage prisoners may be able to improve their situation. Among the options mentioned for those trapped and unable to remortgage is the legal action being brought by Harcus Parker: “a law firm that’s handled legal proceedings on behalf of mortgage prisoners who’ve been paying […]
Click here to listen, or visit the Which? website On 3 September 2020 Damon Parker was invited by Which? to discuss the Mortgage Prisoners litigation. Harcus Parker is acting on behalf of several thousand mortgage prisoners in claims against their lenders to recover overcharged interest rates in circumstances where they could not re-mortgage because their […]
The FCA introduced new rules in October 2019 to make it easier for mortgage prisoners to take out a more affordable mortgage with a new lender. However, there has been limited take up of the new rules by lenders (which are optional for them). The problem has been exacerbated by Covid-19, which has meant that lenders’ focus […]
After Damon Parker’s interview on the Victoria Derbyshire show in December last year to discuss the launch of the Mortgage Prisoner Litigation, Rachel Neale appeared on the show on 13 July to talk about the pressure of being a mortgage prisoner on key workers and to ask for the introduction of a cap on standard […]
